Access to affordablerentals for residents in Ibiza has become an impossible mission. In addition to the scarcity of the limited supply of apartments for the whole year, there are increasingly demanding requirements from landlords to ensure the solvency of potential tenants.
Impossible requirements
It is no longer news that the owners demand the payment of a year in advance, that they assume the cost of an insurance against non-payment, that they have to present practically the same documentation that the banks demand to formalize a mortgage, nor that they force the owners to pay the commission of the agency that by law they should assume. As La Voz de Ibiza has been able to verify, there are owners who have redoubled the demand and claim that future tenants can demonstrate an impossible treasury. Thus, for a one-bedroom apartment located in the Botafoc area, the requirement is an average current account balance of 30,000 euros. That is to say, in addition to meeting all the expenses that would include the current apartment, the tenant must have savings. For a two-bedroom apartment, he has even asked for 50,000 euros.
“Economic solvency”
To qualify to rent a one-bedroom apartment in Ibiza for 1,500 euros, the condition is to present a statement issued by the bank that proves a average balance for the last 12 months of approximately 30,000 euros.
While if you want to rent an apartment with two bedrooms and parking for 2,000 euros per month in the Botafoc area, the guarantee increases to 40,000 euros on account for an average of one year. Although other interested parties have come to demand 50,000 euros balance.
